The two national market leaders in DME will form a single brand to meet the clinical, financial and operational needs of customers across 50 states.
The new brand will operate a national network of more than 1,300 DME provider locations and 21 company-owned distribution centers serving more than 100,000 patients each day. The combined company will be a portfolio company of Blue Wolf Capital Partners.
Today’s announcement marks the beginning of a long-term strategy to expand our leadership in the core hospice market and position the combined business to add value across the post-acute continuum of care. This exciting partnership with Hospicelink will enable substantial investments in technology and infrastructure for the benefit of our employees, customers, and DME partners across the nation.
Combining these two leading businesses, and with Blue Wolf’s powerful backing, we will draw on our decades of experience to push the boundaries of benefit management innovation, while remaining focused on delivering outstanding technology, capabilities and services to the hospice and post-acute care sectors.
DiCosmo was named CEO of the new combined company and Trull its new president. The new company will retain both current headquarters in Tempe, Arizona and Hospicelink’s HQ in Birmingham, Alabama.
Based in Tempe, StateServ has a national network of 1,300 DME provider locations, along with 21 company-owned warehouse facilities. It offers DME benefit management solutions to more than 550 hospice providers in 46 states.
In September of 2017, private equity firm Blue Wolf Capital Partners LLC announced it was backing StateServ to improve its software product DMETrack, which provides workflow automation and real-time analytics reporting to help operational performance. Read that story from Mergers & Acquisitions.
Read more about the new merged company in a join press release